Leader

Saturday, December 15, 2012

Consumer prices rising!

All prices of the end consumers are rising in India. This includes basic things like sugar, gas, water, milk, fuel, vegetables and pulses have gone up!Unni Krishnan & Tushar Dhara write in...

The consumer-price index climbed 9.9 percent from a year
earlier, compared with a 9.75 percent advance reported earlier
for October, the Statistics Office said in a statement in New
Delhi today.

India’s consumer inflation is the fastest among 17
economies in the Asia-Pacific region tracked by Bloomberg.
Reserve Bank of India Governor Duvvuri Subbarao held interest
rates in October, and said last week that while price gains
remain high, he expects they will ease in the January-March
quarter.

Prime Minister Manmohan Singh’s government last week won
parliamentary endorsement for its decision to allow foreign
direct investment in supermarkets, a move it says can help lower
food costs. The central bank meets next week to determine policy.